2015-05-13T10:31:52-07:00 2014-12-31 990 2014-01-01 351082578 INTERRA CREDIT UNION INTE 5745342506 PO Box 727 Goshen IN 465270727 Rex Hochstedler CFO 5745342506 2015-05-13 2014 2016-02-25 16:41:14Z Rex Hochstedler PO Box 727 Goshen IN 465270727 79956154 0 X www.interracu.com X 1932 IN cooperative financial institution with a mission to be our members' most trusted and valued financial resource 7 7 247 10 53760 0 0 0 25308828 27855947 3284297 3281078 0 0 28593125 31137025 0 0 3150788 3058871 9931645 11431502 0 0 0 11109279 12126981 24191712 26617354 4401413 4519671 667471650 720036886 3201375 3962948 664270275 716073938 cooperative financial institution with a mission to be our members' most trusted and valued financial resource 0 0 Number of members served for loans was 31,662 in the amount of $465,609,757 and number of members served for savings was 57,695 in the amount of $632,090,935. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 19097 0 1 247 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 0 1 1 1 1 1 0 IN X Alan Zimmerman 5745342506 300 W Lincoln Ave Goshen IN 46526 David Myers Board Chairman 2 0 X 1112 0 0 Kathy Brewton Vice Chairman 1 0 X 797 0 0 Linda Garber Secretary-Treasurer 1 0 X 755 0 0 Loren Eash Board Member 1 0 X 250 0 0 Bruce Stahly Board Member 1 0 X 794 0 0 Tim Yoder Assistant Secretary-Treasurer 1 0 X 1250 0 0 Carl Stoltzfus Board Member 1 0 X 250 0 0 Crystal Hooley Supervisory Chairman 0.20 0 X 130 0 0 Darin Short Supervisory Member 0.20 0 X 617 0 0 Tony Miller Supervisory Member 0.20 0 X 130 0 0 Amy Sink President / CEO 40 0 X 299457 0 22805 Andrew Gangwer Chief Administrative Officer 40 0 X 168621 0 23151 Sanford Miller VP of Branch Development 40 0 X 136999 0 25228 Rex Hochstedler Chief Financial Officer 40 0 X 137089 0 25508 David Birky Chief Strategy Officer 40 0 X 130163 0 21339 Phil Wiens Chief Operating Officer 40 0 X 106992 0 21580 Andy Marshall Chief Lending Officer 40 0 X 40899 0 6193 1026305 0 145804 6 0 1 0 PSCU Financial Services 560 Carillon Parkway St Petersburg FL 33716 credit and debit card processing 1808590 Velocity Solutions Inc 1710 Dawson Street Wilmington NC 28403 card utilization program 421264 Datamail Services Inc 747 E Whitcomb Madison Heights MI 480711409 mailings to members 246275 Greenfield Landscape Services Inc 2523 Messick Dr Goshen IN 46526 Lawn & Snow Maintenance & Repairs 191522 Jack Henry & Associates PO Box 503328 St Louis MO 631503328 computer equipment and software 177899 9 0 Interest on Loans 522130 19383334 19383334 0 0 Fee Income 522130 7343988 7343988 0 0 Other Income 522130 1128625 1074865 53760 0 0 0 0 0 27855947 3086427 3086427 0 0 0 0 0 0 0 0 0 0 0 0 48952802 60978 48813873 5256 138929 55722 194651 194651 0 0 0 31137025 31083265 53760 0 0 0 0 3058871 1026305 0 7733378 740211 1245372 686236 2160 155630 96000 0 0 0 0 901366 3810630 0 0 1181486 0 0 194229 0 0 1396179 137671 Loan Expenses 2078618 Provision for Loan Losses 869356 ATM / Debit Card Expense 1076216 227440 26617354 0 0 0 4630425 5267759 16834162 8246400 0 0 1366170 1033400 0 0 0 0 389012932 465609757 62685 63767 770681 1468093 31695030 12554417 18187265 19140613 217490189 199509397 687750 717920 16035999 16575924 0 0 2393392 2403856 667471650 720036886 2473855 3396541 0 0 0 0 0 0 0 0 0 0 0 0 0 0 727520 566407 3201375 3962948 X 588925740 632090935 30590354 32566160 44754181 51416843 664270275 716073938 667471650 720036886 X 4519671 4118797 0 0 0 43165195 X 0 1 X 1 0 2431650 0 2431650 20122888 0 5600966 14521922 0 0 0 0 9140492 0 6953451 2187041 0 0 0 0 19140613 0 Clearing Accounts 566407 566407 X 29068851 0 0 0 0 0 29068851 0 2068174 2068174 31137025 24784366 0 0 0 0 0 24784366 0 1832988 1832988 26617354 Schedule D, Part X, Line 2 Income tax in the consolidated statements of income includes Indiana franchise tax. The Credit Union is exempt, by statute, from federal income taxes except for unrelated business income. Members Financial Management Center, Inc. is, however, subject to federal and state income taxes. The Credit Union and Members Financial Management Center, Inc. file income tax returns in the U.S. federal and Indiana jurisdictions. With a few exceptions, they are no longer subject to U.S. federal income tax examinations by tax authorities for calendar years before 2011. Schedule D, Part XI, Line 4b Financial statements are audited as of 3/31/14. This adjusts to the 12/31/14 figures. Schedule D, Part XII, Line 4b Financial statements are audited as of 3/31/14. This adjusts to the 12/31/14 figures. X X 1 1 X X X X X 0 0 0 Amy Sink President / CEO 299457 0 0 0 0 0 0 0 22805 0 322262 0 0 0 Andrew Gangwer Chief Administrative Officer 168621 0 0 0 0 0 0 0 23151 0 191772 0 0 0 Sanford Miller VP of Branch Development 136999 0 0 0 0 0 0 0 25228 0 162227 0 0 0 Rex Hochstedler Chief Financial Officer 137089 0 0 0 0 0 0 0 25508 0 162597 0 0 0 David Birky Chief Strategy Officer 130163 0 0 0 0 0 0 0 21339 0 151502 0 0 0 Schedule J, Part I, Line 1a The credit union pays for board member, board spouse, and employee business travel expenses and club dues per our written policy. Board Members and Executives Board Members and Executives Mortgages and Operating X 1296363 1296363 0 1 1 1296363 Form 990, Part VI, Section A, Line 6 Interra Credit Union is owned by its members Form 990, Part VI, Section A, Line 7a Board members and supervisory committee members are elected by the credit union's members Form 990, Part VI, Section A, Line 7b When required by state laws and our by-laws, members do vote to approve decisions of the board of directors. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by the credit union's CFO, a copy is provided to all board members for review prior to filing. Form 990, Part VI, Section B, Line 15 The board reviews recommendations from an independent consultant and industry comparisons to determine appropriate compensation. Form 990, Part VI, Section C, Line 19 Financial statements and our annual report are provided at our annual members' meeting and on our website. Other reports are available upon request. Form 990, Part XI, Line 9 Increase in Members' deposits $43,165,195 Members Financial Management Center Inc PO Box 727 Goshen IN 465270727 351768194 sales of financial products IN Interra Credit Union C 25803 159441 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0